(Bloomberg) — Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Investor confidence in Germany’s economic outlook worsened for a fourth month after a string of disappointing figures raised recession risks.Europe’s largest economy probably contracted in
— Read on ca.finance.yahoo.com/news/germany-flirting-recession-investor-confidence-090539719.html
After $140 Billion Wipeout, Alibaba and Tencent Bid for Comeback
(Bloomberg) — China’s two largest companies have lost a combined $140 billion in market value since the escalation of the trade war in May. As Alibaba Group Holding Ltd. and Tencent Holdings Ltd. report earnings this week back-to-back, they’ll try to show the punishment is overdone.The brutal market
— Read on ca.finance.yahoo.com/news/140-billion-wipeout-alibaba-tencent-004007767.html
Oil Steadies Near $55 as Demand Fears Mix With Tighter Supply
(Bloomberg) — Oil steadied near $55 a barrel in New York as persistent concerns over slowing demand jostled with expectations that U.S. crude stockpiles will continue to tighten.Futures were little changed after rising 7.5% in the past three days. American inventories probably dropped by about 2.3 million
— Read on ca.finance.yahoo.com/news/oil-steadies-solid-aramco-result-223948505.html
China 10-Year Sovereign Yield Falls to 3% First Time Since 2016
(Bloomberg) — China’s 10-year sovereign bond yield fell to 3% for the first time since 2016, joining a global rally of government debt as the nation’s economy slowed and its trade dispute with the U.S. worsened.The yield on the country’s most-active notes due in a decade fell 1 basis point to briefly
— Read on ca.finance.yahoo.com/news/china-10-sovereign-yield-falls-030306950.html
Christine Lagarde’s Biggest Problem Is Germany
(Bloomberg Opinion) — Christine Lagarde is still to be confirmed as the European Central Bank’s next president, but work is already piling up on her desk. The euro zone is in danger of becoming the biggest collateral victim of the U.S.-China trade war and Lagarde will need all her political skills to
— Read on ca.finance.yahoo.com/news/christine-lagardes-biggest-challenge-germany-060005828.html
US Bonds: Yield curve at flattest level since 2007 amid risk-off sentiment
Market focus is largely attuned to selling in regional markets, after protesters forced Hong Kong’s main airport to cancel all flights on Monday.
— Read on www.cnbc.com/2019/08/13/us-bonds-yield-curve-at-flattest-level-since-2007-amid-risk-off-sentiment.html
U.S. Treasuries
World’s Richest Families
America’s richest 0.1% control more wealth at any time since 1929.
World’s 25 richest families control $1.4 Trillion. Comparison – Canada a G8 country produces $2 Trillion a year (GDP) with a population of approximately 33 million people. Income inequality and Income disparity emerging world wide.
The World’s Wealthiest Family Makes $4 Million Every Hour
The Waltons top the list of the 25 dynasties controlling $1.4 trillion globally.
— Read on www.bloomberg.com/features/richest-families-in-the-world/
Singapore Cuts Growth Outlook to Near Zero as Trade War Deepens – Bloomberg
Singapore’s government revised down its forecast for economic growth this year to almost zero amid an escalating trade war and global downturn.
— Read on www.bloomberg.com/news/articles/2019-08-13/singapore-cuts-growth-outlook-to-near-zero-as-trade-war-deepens